BEARISH 62 Decrypt 1H ago · 1 min read

Datavault AI cannot withdraw its Bitcoin from Biconomy since June, stock tanks

AI summary

Datavault AI, a company holding Bitcoin on its balance sheet, disclosed it has been unable to withdraw its BTC from Biconomy since June and will restate four financial reports tied to a $150 million Scilex deal. The stock fell sharply on the news. The disclosure raises counterparty and custody concerns for corporate Bitcoin treasuries and highlights accounting risk around large crypto-linked transactions.

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Narrative history

4 linked stories · 5 outlets · since 28 Oct

1H AGO

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Datavault AI cannot withdraw its Bitcoin from Biconomy since June, stock tanks

Decrypt · Score 62
7H AGO

Datavault AI’s $150 million Bitcoin deal fails, halving its Nasdaq stock

BeInCrypto · Score 55 · via Datavault, Datavault AI
10H AGO

Datavault AI’s Biconomy Mishap Warns Bitcoin Treasury Investors

Bitcoin.com News · Score 45 · via Biconomy, Datavault
19H AGO

Datavault AI falls 50% as firm cannot withdraw bitcoin from $150 million Scilex deal

The Block · Score 55 · via Datavault, withdraw bitcoin
22H AGO

Datavault Shares Plunge Nearly 50% After Biconomy Bitcoin Disclosure

The Defiant · Score 55 · via Biconomy, Datavault

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